01563cas a2200241 a 4500 AALejournalIMF003271 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451972917 1018-5941 BD-DhAAL BD-DhAAL Agenor, Pierre-Richard. Price Reform and Durable Goods in the Transition to a Market Economy / Pierre-Richard Agenor. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock of durables, and the velocity of money in the transition period between reform announcement and reform implementation is characterized, in the presence and absence of uncertainty about the transition date. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1993/047 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/047/001.1993.issue-047-en.xml IMF e-Library